Notice of the Annual General Meeting of Shareholders’ Result

The Company’s Board of Directors here by announce that the Annual General Meeting of Shareholders were held on Tuesday, 22nd June, 2010 at Ballroom B, Lobby Level, Intercontinental Midplaza Hotel, Jl. Jend. Sudirman Kav. 10-11, Jakarta 10220.

Subject to the provisions of Article 23 paragraph 1 of the Company’s Article of Association, Annual General Meeting of Shareholders may be held by presence of shareholders representing more than ½ (half) of all valid voting shares issued by the Company. At the meeting, there were present 4.887.935.392 shares or as equivalent to 52.05% of all shares issued by the Company, therefore the Annual General Meeting of Shareholders may be held.

Having considered the proposed matters, the Annual General Meeting of Shareholders decided, agreed, and approved:

1.	a.	Annual Report for the fiscal year ended on December 31, 2009 and ratified Annual Report/Financial Statement including Balance Sheet and Income Statement for the fiscal year ended on December 31, 2009, as audited by Public Accountant Aryanto, Amir, Mawar & Saptoto;
	b.	Not to distribute dividend for fiscal year 2009;
	c.	The grant of full acquittal and discharge (acquit et de charge) to the members of the Board of Directors and Board of Commissioners from their managerial and supervisory tasks in the fiscal year ended on December 31, 2009 to the extent such actions reflected in the Company’s Annual Report/Financial Statement for the fiscal year 2009.
2	To grant powers and authorities to the Board of Directors to appoint Public Accountant to audit the Company’s Financial Statement for the fiscal year 2010, along the determination of fees and other requirements for it.
3.	a.	To set the remuneration of the Board of Commissioners for the fiscal year 2010 as much as IDR 1,800,000,000.00 (one billion eight hundred million Rupiah) and authorize the President Commissioner to determine allocations.
	b.	To give authority to the Board of Commissioners to determine remuneration for the Board of Directors.
4.	a.	i.	To accept the resignation of Mr. ANTON BUDI SETIAWAN HUDYANA and Mr. FRANSISCUS XAVERIUS AWI TANTRA, both as Commissioners to the Company, with gratitude for their services and give the grant of full acquittal and discharge (acquit et de charge) from their managerial and supervisory task to the extent such actions reflected in the books and records of the Company.
		ii.	To appoint Mr. FRANSISCUS XAVERIUS AWI TANTRA, Mrs. SIK WEI TJIEN, and Mr. ROY ATMADJA as Director of the adjournment of this Annual General Meeting and further define the composition of the Board of Directors and Board of Commissioners for a term commencing from the closing of this Annual General Meeting until the closing of the Annual General Meeting of Shareholders of the Company in year 2013 as follows:

Board of Directors:

President Director : Mr. BUDIARDJO TEK;

Deputy President Director : Mr. EKO PUTRO SANDJOJO, BSEE, MBA;

Director : Mr. RODOLFO PAGUIA PANTOJA;

Director : Mr. Drh. SUDIRMAN;

Director : Mr. FRANSISCUS XAVERIUS AWI TANTRA;

Director : Mr. ROY ATMADJA;

Director : Mrs. SIK WEI TJIEN;

Board of Commissioner:

President Commissioner

& Independent Commissioner : Mr. ANTONIUS JOENOES SUPIT;

Independent Commissioner : Mr. Doktorandus DJOHAN EFFENDI;

Commissioner : Mrs. SRI LESTARI ANWAR;

To authorize the Board of Directors, with the right to assign to any other person authorized, to put the decisions regarding the composition of the Board of Directors and Board of Commissioner as above in a notarial deed, and to submit notice to the authorized party, to register in the Company’s Register, and to take all actions deemed necessary and important by the Board of Directors to comply with applicable law.

Thus it is submitted.

Bogor, 24 June 2010

PT SIERAD PRODUCE Tbk

Board of Directors